Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 12004082 Mr Tariq Muhammad Mr Martin Vincent Mr Martin Vincent Tariq Muhammad true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12004082 2024-12-31 12004082 2025-12-31 12004082 2025-01-01 2025-12-31 12004082 frs-core:CurrentFinancialInstruments 2025-12-31 12004082 frs-core:Non-currentFinancialInstruments 2025-12-31 12004082 frs-core:BetweenOneFiveYears 2025-12-31 12004082 frs-core:ComputerEquipment 2025-12-31 12004082 frs-core:ComputerEquipment 2025-01-01 2025-12-31 12004082 frs-core:ComputerEquipment 2024-12-31 12004082 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 12004082 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 12004082 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 12004082 frs-core:FurnitureFittings 2025-12-31 12004082 frs-core:FurnitureFittings 2025-01-01 2025-12-31 12004082 frs-core:FurnitureFittings 2024-12-31 12004082 frs-core:MoreThanFiveYears 2025-12-31 12004082 frs-core:MotorVehicles 2025-12-31 12004082 frs-core:MotorVehicles 2025-01-01 2025-12-31 12004082 frs-core:MotorVehicles 2024-12-31 12004082 frs-core:WithinOneYear 2025-12-31 12004082 frs-core:ShareCapital 2025-12-31 12004082 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 12004082 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 12004082 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 12004082 frs-bus:SmallEntities 2025-01-01 2025-12-31 12004082 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 12004082 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 12004082 1 2025-01-01 2025-12-31 12004082 frs-bus:Director1 2025-01-01 2025-12-31 12004082 frs-bus:Director2 2025-01-01 2025-12-31 12004082 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 12004082 frs-countries:EnglandWales 2025-01-01 2025-12-31 12004082 2023-12-31 12004082 2024-12-31 12004082 2024-01-01 2024-12-31 12004082 frs-core:CurrentFinancialInstruments 2024-12-31 12004082 frs-core:Non-currentFinancialInstruments 2024-12-31 12004082 frs-core:BetweenOneFiveYears 2024-12-31 12004082 frs-core:MoreThanFiveYears 2024-12-31 12004082 frs-core:WithinOneYear 2024-12-31 12004082 frs-core:ShareCapital 2024-12-31 12004082 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 12004082
Titan PMR Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Fifty Five Financial Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 12004082
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,598,013 1,336,921
Tangible Assets 5 18,011 21,168
1,616,024 1,358,089
CURRENT ASSETS
Stocks - 8,607
Debtors 6 1,811,643 937,214
Cash at bank and in hand 1,055,305 506,459
2,866,948 1,452,280
Creditors: Amounts Falling Due Within One Year 7 (2,665,592 ) (2,315,049 )
NET CURRENT ASSETS (LIABILITIES) 201,356 (862,769 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,817,380 495,320
Creditors: Amounts Falling Due After More Than One Year 8 (318,154 ) (2,465,121 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (261,176 ) -
NET ASSETS/(LIABILITIES) 1,238,050 (1,969,801 )
CAPITAL AND RESERVES
Called up share capital 9 1,275,000 1,275,000
Profit and Loss Account (36,950 ) (3,244,801 )
SHAREHOLDERS' FUNDS 1,238,050 (1,969,801)
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For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Tariq Muhammad
Director
24/07/2026
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Titan PMR Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12004082 . The registered office is C/O Invatech Health Ltd Knitwear House, Unit 3, Redding Road, Bristol, BS5 6FW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic life of five years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% straight line
Fixtures & Fittings 33.33% straight line
Computer Equipment 33.33% straight line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 44 (2024: 39)
44 39
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2025 4,601,437
Additions 786,010
As at 31 December 2025 5,387,447
Amortisation
As at 1 January 2025 3,264,516
Provided during the period 524,918
As at 31 December 2025 3,789,434
Net Book Value
As at 31 December 2025 1,598,013
As at 1 January 2025 1,336,921
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5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2025 19,490 3,047 43,854 66,391
Additions - - 11,750 11,750
As at 31 December 2025 19,490 3,047 55,604 78,141
Depreciation
As at 1 January 2025 9,745 2,009 33,469 45,223
Provided during the period 4,873 386 9,648 14,907
As at 31 December 2025 14,618 2,395 43,117 60,130
Net Book Value
As at 31 December 2025 4,872 652 12,487 18,011
As at 1 January 2025 9,745 1,038 10,385 21,168
6. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 782,572 648,444
Prepayments and accrued income 103,628 69,641
Other debtors 4,072 812
Corporation tax recoverable assets 301,344 62,552
Amounts owed by group undertakings 1,000 -
Amounts owed by associates 619,027 155,765
1,811,643 937,214
7. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Trade creditors 181,908 169,382
Other taxes and social security 44,336 39,044
VAT 263,312 183,472
Other creditors 488,453 516,565
Accruals and deferred income 1,613,181 1,186,733
Directors' loan accounts 74,402 219,853
2,665,592 2,315,049
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
as restated
£ £
Other creditors 299,254 766,535
Accruals and deferred income 18,900 -
Directors loan account - 469,440
Amounts owed to parent undertaking - 1,229,146
318,154 2,465,121
At the prior year end, amounts due to the parent undertaking included a balance of £1,229,146 which has been released during the year.
9. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 1,275,000 1,275,000
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
as restated
£ £
Not later than one year 20,000 20,000
Later than one year and not later than five years 80,000 80,000
Later than five years 100,000 140,000
200,000 240,000
11. Related Party Transactions
IH Management Plus Ltd: Mr Tariq Muhammad is a director and shareholder of the Company and a director of IH Management Plus Ltd. During the year the company paid to Invatech Health Ltd management fees of £678,322 (2024: £628,965).
Amounts owed by associated companies was £619,027 (2024: £155,765) and was due from IH Management Plus Ltd, a company under common control.
The Company was owed £1,000 by Titanverse Ltd, a company within the same group.
During the year, the Company entered into a transaction with its parent undertaking, Invatech Health Ltd, whereby an outstanding loan of £1,229,146 was released in full. The transaction was undertaken on a non‑arm’s length basis. No balance remained outstanding at the year end.
12. Exceptional Items
During the year the company’s parent undertaking, Invatech Health Ltd, formally released an intercompany loan of £1,229,146 owed by the company.
The release has been recognised as a credit within other operating income in the profit and loss account. The transaction forms part of a group reorganisation to strengthen the company’s financial position.
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13. Ultimate Controlling Party
The company's intermediate controlling party is Invatech Health Ltd by virtue of its ownership of 100% of the issued share capital in the company.
The company's ultimate controlling party is Tariq Muhammad by virtue of his majority ownership of the issued share capital in Invatech Health Ltd.
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